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tv   Business - News  Deutsche Welle  January 4, 2018 2:02am-2:15am CET

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a. bank in hot water again this time it shareholders with the lender in their sights they're looking to sue the back of a seven hundred million euro who's. also coming up the latest child labor numbers look a little better but it's still a huge problem in bangladesh. too good to be true a french city puts houses up the sale for the princely sum of just one euro. this is your business update on how the home free invalid good to have you with us security experts have discovered a major design flaw in the chips made by u.s. tech giant intel bug fix could significantly slow down the performance of p.c.'s with an intel microprocessor with the tech giant is yet to release more details
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about the flaw which experts say could affect millions of computers around the world operating systems running on in tow chips like those by apple and microsoft must install the fix to avoid security issues but could they end up running thirty five percent slower well let's get more on this now with our financial correspondent yens quarter in new york yes we've already seen those intel shares down look at this design flaw mean for the company in the long run. there could be charges but most still fall they could lose some market share to competitors like nvidia or advanced micro devices and those two stocks they had some substantial gains in the trading session while the stock of intel at some point lost the most in almost two years said during the trading session by the way intel disagreed at least partially they're not saying that nothing happens but that there is but they're saying that they're processors are not the only ones having those issues
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and the stock could recover in a little bit but still intel worse was the worst stock in the dow jones industrial average here on wednesday and hands the minutes is the last fed meeting or so out what do they tell us about the shape of the u.s. economy. this has been of the u.s. so called to me looks pretty good and that's why at the last fed meeting the federal reserve increased their outlook for the u.s. grows from two point one to two point five percent but it's not so much what the fed believes or knows but it's more what they don't know so that was the interesting part of those fed minutes because the big question is what's going to happen it was those tax cuts how much are consumers willing to spend how much are corporations willing to invest and nobody really has an answer to that at this point and some members also are very good about the high market valuations the bottom line is there is
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a lot of uncertainty right now at the federal reserve and that's at a time when we will get a new fed chairman starting february all right yes quarter on will straight for us good to talk to you. now u.s. regulators have blocked a chinese firm from purchasing american money transfer transfer company money grabs citing national security concerns move affectively ends the one point two billion dollar attempt by chinese payment company and financial to acquire money gram the decision was made by a five person panel tosk with reviewing form purchases of u.s. businesses and reflects growing unease in the u.s. over chinese acquisitions of tech firms and financial is owned by jack ma the founder of the popular e-commerce site. will work. deutsche bank is in the bad books once again this time with its own investors suing the bank for seven hundred forty million euros they say the bank on the pay them the shares in
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security which is post bank to shareholders that edge the lender already controlled postbank two years prior to fully taking over its business investors want to be paid the value of the shares where the stock of postbank stood at the time the suit involves just over thirty german and international investors a financial correspondent and as a vice but says that as the case is still ongoing it's not yet clear where the door will have to pay off. this time it might be different because there was a hearing already at the court the regional court in cologne where this matter will be discussed and also decided and the leading judge was already pointing towards a more favorable hearing result for the bank actually at that hearing early november so this time bank may actually get away without paying all that money. well let's talk about child labor now because one hundred fifty two million
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children around the walls of victims offices and while the international labor organization says that is an improvement on previous years it's still a huge issue many kids often have to choose between going to school going to work because going to work means food and a roof over their heads at least in the short term. these children are making t. shirts that will be sold across the world and some by gangs are than fourteen the legal age for employment in bangladesh muhammad is one of them is just thirteen he's working in this factory because he has no other choice. following the law when the whole family has money problems we call a lot to market traders that's why i have to work if i ever earn a lot of money i may go back to school but those are going to. muhammad works at least ten hours a day and he only gets one day off a week. child labor is
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a major problem in bangladesh where one in ten children between the ages of five and fourteen work. muhammad's onerous work help support his family has paid amiga monthly wage of forty euros says most of the i'm sorry for my son is not getting educated so he has no future that makes me sad but i see no way out it's just not much like his mother was mohammed has been forced to choose between an education and food. or. want to buy your own home but khan to forge it is an idea for you try a house in a french city for the princely sum of one euro there are few catches there. the northern french city of rube a was once a wealthy textile manufacturing center now it's one of france's poorest towns and tire neighborhoods have been abandoned so the municipal government came up with an
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idea sell off derelict houses for only one euro. either the idea is to attract people who will invest in the area care for it and place their children in the schools and bring new life to the neighborhood feels awful lot of the cause so there are conditions you have to put about seventy thousand euros in a renovation and you have to live there with your family for at least six years the offer is tempting for some you know you have to look at the condition of the house but to become a house owner for one euro is absolutely interesting to us but others are not too impressed who dare not attempt it. we can't afford any. other rundown european towns have similar programs you'll end up with a house but it won't be in one of europe's beauty spots. spotify is facing a new legal challenge an american music publisher claims that the swedish said this is a legally strange thousands of its songs without the rights the company wants one point
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six billion dollars in damages among the aussies concerned a probably quite a few names you may have heard of. but. tom petty is one of the most well known names in the dispute neil young and missy elliott are also there the music publisher wixon music says spotify only secured copyrights to paid music labels for each track and ignored royalties to songwriters and music publishers like weeks and weeks and says spotify owes it for more than ten thousand songs it wants one hundred fifty thousand dollars a pop spotify has over sixty million subscribers in dozens of countries and billions in annual revenue the companies expected to go public this year the firm has faced persistent problems with royalties it settled with a group of songwriters for forty three million dollars last year other cases are ongoing all signs that the music industry isn't ready to back down.
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britain's prince harry is to marry meg and mark on the nineteenth of may it wins a costal an expert say that's going to add at least off a billion pounds to the u.k. sluggish economy already much dices going on sale commemorating the royal wedding. no one does royal pageantry better than the british and the wedding of prince harry and meghan markle will be the last top level royal nuptials for years to come millions of romantics around the world will be watching when a royal pair walks down the aisle at windsor castle on may nineteenth but lots of people will just want to be nearby even if they can't attend the ceremony based on the wedding of harry's brother william in two thousand and eleven the country can expect about three hundred fifty thousand additional visitors next may the heart and garter the hotel office of the historic castle isn't this a painting thrilling times and a ringing cash register. it means everything we're all really excited by myself the
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style for. local people of wins a really really excited we're looking forward to it is going to be a massive boost to the economy the town of windsor is no stranger to royal weddings it's castle has been home to british kings and queens for almost a thousand years it's long been a tourist attraction in any case with over seven million visitors a year royal wedding merchandise and paraphernalia is already on sale on the high street so what's the bottom line. the uplift to the royal wedding we estimate very conservatively at about five hundred million pounds we think approximately two hundred million will come from tourism travel hotels about one hundred fifty million will come from people spending money having parties and celebrate saying about one hundred million will be free advertising for the u.k. around the world and the remaining fifty million people buying t. shirts hats mugs and commemorative things to celebrate what will be
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a very popular way to. cast. a year ahead. eagerly anticipating a lift from the royal wedding however small and short lived. i
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shall mickey has no children which makes her feel worthless and incomplete. in a society that expects them to be her children this is a burden many married yet childless women in niger suffer from. a wife is only fully accepted upon motherhood. a very personal film about the suffering of childless women in niger and. the fruitless tree starting january fourteenth on d. w. . it's all about the moments that lie before. it's all about the stories inside.
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it's all about george chance to discover the world from different perspectives. join us and be inspired by distinctive instagram murders at g.w. stories the two topics each week on instagram. they make a commitment they find solutions. they inspire. africa on the moon. stories of both people making a difference shaping their nation. and their continent of africa on the move stories about motivational change makers taking their destinies into their own hands w.'s new multimedia series food for.

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